ECO vs NMM: Okeanis Eco Tankers and Navios Maritime Partners LP Unit compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Okeanis Eco Tankers is the larger company, worth $3.7B, about 1.3 times Navios Maritime Partners LP Unit.
- Navios Maritime Partners LP Unit grew revenue faster over the last year (+0.8% vs -0.4%).
- On earnings, Navios Maritime Partners LP Unit is the cheaper stock (10.2x vs 24.7x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ECO | NMM |
|---|---|---|
| Market cap | $3.7B | $2.8B |
| Share price | $93.11 | $93.06 |
| Revenue (last fiscal year) | $392M | $1.3B |
| Free cash flow (last fiscal year) | — | $281M |
| Revenue growth, last year | -0.4% | +0.8% |
| Revenue growth per year, last 5 fiscal years | +23.4% | +17.2% |
| Operating margin | 41.5% | — |
| Net margin | 31.4% | 21.2% |
| Return on equity | 21.4% | — |
| P/E (trailing) | 24.7x | 10.2x |
| Price / free cash flow | 51.8x | — |
| EV / EBITDA | 13.0x | 4.45x |
| FCF growth the price implies | — | -4.2% |
| Dividend yield | — | 0.24% |
| Debt / equity | 1.09x | — |
| Fundamental grade | C | B |
| Superinvestors holding it | 0 | 0 |
| Insider purchases, last 12 months | 0 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Okeanis Eco Tankers
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $169M | — | 18.9% |
| 2022 | $271M | — | 40.6% |
| 2023 | $413M | — | 48.7% |
| 2024 | $393M | — | 41.4% |
| 2025 | $392M | — | 41.5% |
Navios Maritime Partners LP Unit
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $713M | $60M | 95.9% |
| 2022 | $1.2B | $73M | 95.3% |
| 2023 | $1.3B | $377M | 94.7% |
| 2024 | $1.3B | -$264M | 94.2% |
| 2025 | $1.3B | $281M | — |
Where the revenue comes from
Okeanis Eco Tankers · by products, 2025
Voyage Charter$384M98%
Time Charter$8M2%
Navios Maritime Partners LP Unit · by regions, 2022
Asia$768M63%
Europe$277M23%
America$165M14%
Other$459,0000%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open ECO in InvestinglyQuestions
Which is bigger, Okeanis Eco Tankers or Navios Maritime Partners LP Unit?
Okeanis Eco Tankers (ECO), at $3.7B against $2.8B.
Is ECO or NMM cheaper?
By trailing P/E, Navios Maritime Partners LP Unit (10.2x) is cheaper than Okeanis Eco Tankers (24.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, ECO or NMM?
Navios Maritime Partners LP Unit: revenue grew +0.8% over the last year, against -0.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.